Asian stock markets are higher on Monday, following broadly positive cues from Wall Street on Friday, with US equities closing at fresh all time highs last week, as investors are upbeat on a global economy recovery that is expected to deliver the fastest economic growth since 1984 amid recent strong data out of the U.S and higher crude oil prices.
Bank stocks also rallied after Federal Reserve Chairman Jerome Powell said lenders can resume buybacks and announce higher dividends once the stress tests on banks are over.
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